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RRA Capital Provides $23.47M Loan For Multifamily Asset In Chicago At 5036 N Sheridan Rd

Property Image
FINANCED
$23,470,000

Illinois

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MultiFamily
Financed 06/06/2024
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Property Image
FINANCED

RRA Capital Provides $23.47M Loan For Multifamily Asset In Chicago At 5036 N Sheridan Rd

5036 N Sheridan Rd, 7340 N Hoyne Ave, 1716 W North Shore Ave, 7451 S Eberhart Ave & 3601 W 53rd

See Similar Deals
MultiFamily
Financed 06/06/2024
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in the transaction is a multifamily property located at 5036 N Sheridan Rd in the Chicago market. The loan amount for the transaction is $23,470,000.00, provided by RRA Capital.

Summary of transaction details:

The key individuals and companies involved in this transaction include Hirsch Simins as the broker representing the transaction and RRA Capital as the lender facilitating the loan.

Players

Lument
Lument
BROKERAGE
RRA Capital
RRA Capital
LENDER
EE
Emerald Empire
LANDLORD

Details

FINANCED
IMAGE: 06/06/2024 ADDRESS: 5036 N Sheridan Rd MARKET: Chicago ASSET TYPE: MultiFamily BROKERS: Hirsch Simins() LENDER: RRA Capital LOAN AMOUNT: $23,470,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,470,000.00

Monthly NOI$156,466.67
Monthly Debt Service$148,346.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00